Filing: Amazon will acquire Apple's 20% stake in Globalstar as part of its acquisition of the satellite provider and create a subsidiary to conduct the merger
Amazon has revealed that it's taking over Apple's 20% stake in Globalstar as part of its $11.6 billion acquisition of the satellite communications provider.
Amazon is acquiring Apple's $400M stake in Globalstar's spectrum holding company, but note that Apple will increase its cash advances to fund C-3 by $400M